Betances Health Center

Analysis

Betances Health Center is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1974, 52 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Betances Health Center reported income of $33.8m and spending of $25.8m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.2m to $33.8m (+138%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Betances Health Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Westchester Jewish Community Services Inc ($33.7m), Abilis Inc ($33.8m) and Shalom House ($33.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $713k (2.8% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $22.4m against liabilities of $7.5m, net assets of $14.9m. It reported 142 employees.